2 weeks Ago By Defense World Staff
Laidlaw Wealth Management LLC raised its holdings in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 39,889 shares of the iPhone maker’s stock after acquiring an additional 542 shares during the quarter. Apple comprises 4.4% of Laidlaw Wealth Management LLC’s portfolio, making the stock its 2nd largest position.
Laidlaw Wealth Management LLC’s holdings in Apple were worth $9,989,000 as of its most recent SEC filing. A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Apple by 10.
6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its holdings in Apple by 6.
5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. FMR LLC boosted its position in shares of Apple by 5.
3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Apple by 25,285.
2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after purchasing an additional 9,590,933 shares in the last quarter. Finally, Charles Schwab Investment Management Inc.
grew its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have weighed in on the company. Morgan Stanley reduced their target price on Apple from $252.00 to $220.
00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price objective (down from $202.
00) on shares of Apple in a research report on Tuesday, January 7th. KeyCorp raised Apple from an “underweight” rating to a “sector weight” rating in a research note on Monday, April 14th. Raymond James lifted their price target on shares of Apple to $250.
00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, UBS Group reduced their price target on shares of Apple from $236.00 to $210.
00 and set a “neutral” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.
88. Apple Stock Performance Shares of Apple stock opened at $209.28 on Friday.
The stock has a market cap of $3.14 trillion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 2.
44 and a beta of 1.26. Apple Inc.
has a twelve month low of $169.11 and a twelve month high of $260.10.
The company’s fifty day moving average is $215.71 and its 200 day moving average is $229.31.
The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.
26. Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04.
Apple had a return on equity of 160.83% and a net margin of 24.30%.
Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share.
The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.
48%. Apple’s payout ratio is 15.87%.
Insider Transactions at Apple In other Apple news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.
00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.
01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CEO Timothy D.
Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.
40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75.
This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. Company insiders own 0.06% of the company’s stock.
About Apple ( Free Report ) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. Featured Stories Five stocks we like better than Apple Ride Out The Recession With These Dividend Kings Short Sellers Gave Up on These 3 Names Recently Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance 3 Boring Stocks Outperforming the Market This Year 3 Ways To Invest In Coffee, Other Than Drinking It If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Apple Inc. ( NASDAQ:AAPL – Free Report ). Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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